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Dec 27, 2012
12/12
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. >> the latest on the fiscal cliff crisis. why it is taking down the markets and white finding an answer, it always seems to come down to the last minute. the storm hitting the midwest and it is now hitting the northeast. oh canada, out of work americans are heading north to find jobs. top of the hour. time now for stocks. nicole petallides on the floor of the new york stock exchange. nicole: we are down about 72 points. the vix, the fear index, has an up arrow today. commodities are pulling back a little bit. i want to take a look at a name that is on the move. it is deckers. you may not necessarily know that you know what it is all about. you know uggs. it turns out they are quite popular. while that chatter has been around, they will give decker a pop. >> could merge with timberland. we will be back at you in 15 minutes. for the first time in nearly 40 years, between christmas and new year's, it comes as lawmakers continue to scramble to get a fiscal cliff deal done. rich edson has the latest. rich: they are considering leg
. >> the latest on the fiscal cliff crisis. why it is taking down the markets and white finding an answer, it always seems to come down to the last minute. the storm hitting the midwest and it is now hitting the northeast. oh canada, out of work americans are heading north to find jobs. top of the hour. time now for stocks. nicole petallides on the floor of the new york stock exchange. nicole: we are down about 72 points. the vix, the fear index, has an up arrow today. commodities are...
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Dec 28, 2012
12/12
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byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term treasury bond which for full disclosure i own from my clients. i am short using the et after the stock-market and the s&p and the dow and the russell. my client's head of ford folios and we have smaller stocks like family dollar stores. if the economy gets worse and full disclosure we do own family dollar, these kind of companies are going to do well when people have no money. shibani: great hedge plays, thanks very much. -pdennis: john brown coming up, the only real fix for washington gridlock is to limit legislators to 1-year terms. shibani: crisis averted on the east coast. massive looming por
byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term...
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Dec 28, 2012
12/12
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this is a real issue, this fiscal cliff. liz: ceos and c f os have been looking better and so is wall street. goldman sachs the double warning that companies got to watch out for but these other companies that are heard by the fiscal cliff, a is not just defense contractors but health care companies, those are not just the guys hit by the medical device tax. other healthcare companies as well and environmental companies such as waste management and republicans industries. these are the company's that get 50% or more of their sales from government contracts. when you see spending cuts coming you can imagine they will have to be dialing back on their own capital investment. adam: we are talking about cuts right now but then we have tax hikes. people have less money immediately. some of these will play out over the next few months. people who might lose their jobs won't lose immediately but all of us have less many come january 1st to spend and as we spend less money there are a bunch of companies not on that list, retailers, t
this is a real issue, this fiscal cliff. liz: ceos and c f os have been looking better and so is wall street. goldman sachs the double warning that companies got to watch out for but these other companies that are heard by the fiscal cliff, a is not just defense contractors but health care companies, those are not just the guys hit by the medical device tax. other healthcare companies as well and environmental companies such as waste management and republicans industries. these are the...
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Dec 27, 2012
12/12
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it will depend on the fiscal cliff. if we go off the cliff and stay off of the cliff when we plummet down, in the next six to nine months. if they say they are going off of the cliff now but going to fix it early next year may be markets give washington a month or two to get their house in order. if that happens we will tread water for a while but not going to see a real problem. i don't think there's a cliff on january 1st that we cannot change withholdings, keep government spending going at the rate it is going so even though they don't fix it which is the way it looks right now doesn't mean we are going to tank right away in january provided markets believe eventually washington will get it done. lori: if you look of the message a number markets today, pete sell-off, stocks piling into treasuries, gold is up and oil is backing off, you have to wonder what is around the corner. can you be bullish at all at this point? >> you can be very bullish if you look at the labour market data today, provided they get this thing
it will depend on the fiscal cliff. if we go off the cliff and stay off of the cliff when we plummet down, in the next six to nine months. if they say they are going off of the cliff now but going to fix it early next year may be markets give washington a month or two to get their house in order. if that happens we will tread water for a while but not going to see a real problem. i don't think there's a cliff on january 1st that we cannot change withholdings, keep government spending going at...
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Dec 17, 2012
12/12
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planning for the fiscal cliff. we had to and auto repair company that will have to pull resources to pay for taxes. as we head off to break, let's show you some of the big winners today. back right after this. ♪ ally bank. why they have a raise ur rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell m what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-se or a. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. lori: walmart is rolling back prices on apple products. melissa: that is good news for customers. what does it mean for
planning for the fiscal cliff. we had to and auto repair company that will have to pull resources to pay for taxes. as we head off to break, let's show you some of the big winners today. back right after this. ♪ ally bank. why they have a raise ur rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell m what cd rates will be in two years? no. if he can't, no one can. that's why ally has a...
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Nov 29, 2012
11/12
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fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest developments on the fiscal cliff plus new taak that the fed, guess what, will continue its bond buying programs next year. for more on the markets, i'm joined by bob pavlick, chief market strategist at banyon partners. bob, thanks so much for being here. let's get to the fed issue here. so what is what i say. they will expand or continue the program of buying assets. what impact will this have if any? >> operation twist what they call it. sell short paper and buy long term bonds in order, in an effort to try to continue to keep long-term interest rates low. really what it is
fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest...
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Nov 28, 2012
11/12
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the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were not discounting anything in terms of the fiscal cliff. and that's why every time john boehner says something or the president says something or harry reid says something we get violent movements out of the markets. only in the last couple weeks are they finally starting to pay attention to this. tracy: okay, we don't get a deal, let's play this out. do they punt to next year and we see a bunch of retroactive taxes put in place? will we see entitlement spending cuts? how do you see this in the end? >> there are two con sit whe
the fiscal cliff is the deal. it was the deal to stop the debt ceiling negotiations from last year that created the super-committee which didn't wind up doing anything. i'm not going through all of that terrible history again and both sides are very dug in and i don't think there is going to be a deal. that's where, i hope i'm wrong. i hope they have a deal. i also don't think the markets have been really focusing on this at all until the election. so up until three weeks ago the markets were...
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Dec 13, 2012
12/12
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people worried about the fiscal cliff. all that piles in. down 4%, loss for the quarter did narrow in the fourth quarter, and they have new contracts in home deliveries going well for them. i wanted to look at the broader market averages, and right now, the dow is down one quarter of 1%. both merck and boeing weighing on the dow jones industrials, each down more than 11%. -- 1%. on the topside, wal-mart, caterpillar, all winners. connell: news alert from california where blue shield wants to raise rates on individual policyholders from the "l.a. times" saying the health insurance company wants to raise rates by as much as 20% for some individuals out there with an average increase much 12% for 3,000 customers. the times talked with consumer advocates saying the non-profit should use some of its 3.9 # billion reserve to hold down those premiums, but higher rates out in california. the big story in tech land today, and this is making a lot of iphone users happy, i know. for months, there's been criticism over the mapping application on the new
people worried about the fiscal cliff. all that piles in. down 4%, loss for the quarter did narrow in the fourth quarter, and they have new contracts in home deliveries going well for them. i wanted to look at the broader market averages, and right now, the dow is down one quarter of 1%. both merck and boeing weighing on the dow jones industrials, each down more than 11%. -- 1%. on the topside, wal-mart, caterpillar, all winners. connell: news alert from california where blue shield wants to...
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Aug 22, 2012
08/12
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now from the fiscal cliff, dagen? >> dagen: peter thank you very much. peter: they are predicting a recession in the first half of 2013, a de -- a decline of about 3% of gdp at an annual rate if the fiscal cliff takes effect. dagen: that's tough. peter thank you very much. tropical storm is posing a possible threat to the republican convention in tampa. meteorologist janice dean is joining us now. >> all eyes are on isaac. we do expect isaac to become a hurricane in the next couple of days. latest track as of 11 a.m. eastern time, new advisories in. 2:00 p.m. the hurricane hunters are flying into the storm to see what they can find in terms of wind speed. here's your latest track, still a storm as we head through thursday, but then we think it's going to become a hurricane, a lot of warm water interaction here moving over cuba as a strong tropical storm. depending on how much land it interacts with, that will give us an idea of how strong the storm will be once it moves across water. here the water temperatures are 89, 90 degrees, like bath water here, s
now from the fiscal cliff, dagen? >> dagen: peter thank you very much. peter: they are predicting a recession in the first half of 2013, a de -- a decline of about 3% of gdp at an annual rate if the fiscal cliff takes effect. dagen: that's tough. peter thank you very much. tropical storm is posing a possible threat to the republican convention in tampa. meteorologist janice dean is joining us now. >> all eyes are on isaac. we do expect isaac to become a hurricane in the next couple...
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Nov 23, 2012
11/12
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dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting members of congress to oppose any type of entitlement reform or changes. the group, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people unders
dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in...
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Oct 25, 2012
10/12
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keep us away from the fiscal cliff. dagen: buckle up and bundle up. old man winter with a monster of a perfect storm threatening to shut down businesses. what do you call it? it is going to be ugly. connell: you combine all of these things. top of the hour, more on that, every 15 minutes with nicole petallides at the stock of the new york stock exchange. nicole: i went ice skating last night. some movers on wall street, the dow up 32 points. take a look at zynga. today is a great day for zynga, although it cooled off and hit a new low yesterday, the real winners on the street, see them higher by over 10%. wynn resorts coming out with numbers expansion in, the numbers are improving year over year, but the growth is slowing. wal-mart is a winner being added. and by a jedi dec biogen idec. selling friday was a big sunday, tuesday was a big selling day. let's take a look at how we are faring. up one third of 1%. dagen: thank you, nicole. just updating hurricane sandy's track. approaching the central bahama. category two storm, 105 miles per hour sustained
keep us away from the fiscal cliff. dagen: buckle up and bundle up. old man winter with a monster of a perfect storm threatening to shut down businesses. what do you call it? it is going to be ugly. connell: you combine all of these things. top of the hour, more on that, every 15 minutes with nicole petallides at the stock of the new york stock exchange. nicole: i went ice skating last night. some movers on wall street, the dow up 32 points. take a look at zynga. today is a great day for zynga,...
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Sep 28, 2012
09/12
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>> if you think of the size of the fiscal cliff the timing of fiscal policy next year would be 4% of gdp. if everything is legislated to occur actually occurs. if you apply a relatively small multiplier to that, it would reduce growth by 2%. at the moment, probably only growing 1% to 2%. that is enough to generate a recession. at the moment, not directly contributing to growth but if you cut back on spending aggressively particularly if you raise taxes most of the fiscal cliff is tax increases they need to see a slot in growth next year. dennis: which is the bigger bad impact on the economy that -- tax increases or government spending cuts? is that why spending cuts are a good thing? >> depends on how it occurs. in the long term it is necessary for the u.s. to get spending under control. the question is how quickly do you make that progress? what you want to do is make moderate progress so fiscal policy is on a more sustainable flooding. you have a sharp correction in a single year. next year the big issue is taxes. you get 3% of gdp and tightening of fiscal policy from the tax incre
>> if you think of the size of the fiscal cliff the timing of fiscal policy next year would be 4% of gdp. if everything is legislated to occur actually occurs. if you apply a relatively small multiplier to that, it would reduce growth by 2%. at the moment, probably only growing 1% to 2%. that is enough to generate a recession. at the moment, not directly contributing to growth but if you cut back on spending aggressively particularly if you raise taxes most of the fiscal cliff is tax...
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Aug 22, 2012
08/12
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it assumes the fiscal cliff will happen. the bush tax cuts will expire at the end of the year on time. as a result, the cbo is predicting that that will send the economy back into a recession next year down about a half percentage for the entire year. the brunt of it, in the first half of the year but down 3% in gdp. sending unemployment back up to 9% and costing 2 million jobs. take a listen. >> under come up with this very short tightening of fiscal policy, we are looking at an annual rate of the percent in the first half of next year. >> the white house says this reinforces the plan to extend the president plan to extend the bush tax cuts. the romney campaign outthink the report is another indictment of president obama's economic policies. lori. lori: thank you, peter. ashley: the water of the mississippi river drops to record lows. we are headed to the banks of the, well, not as mighty mississippi river. lori: gold is down. 1641. back with more after this. ♪ lori: the drought of 2012 is being felt along the mississippi
it assumes the fiscal cliff will happen. the bush tax cuts will expire at the end of the year on time. as a result, the cbo is predicting that that will send the economy back into a recession next year down about a half percentage for the entire year. the brunt of it, in the first half of the year but down 3% in gdp. sending unemployment back up to 9% and costing 2 million jobs. take a listen. >> under come up with this very short tightening of fiscal policy, we are looking at an annual...
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Oct 19, 2012
10/12
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lou: writing a letter to the white house and congress warning about the fiscal cliff. that the tax increase is coming and the spending cut taking effect at the end of the year. the consequences of inaction for stability in the global market for economic growth. millions of americans still without work. let's bring in cabin, market strategist. are you confident this will happen after the election? >> we are kind of running out of time on this. we are rapidly approaching the debt limit. probably february or march would be a reasonable guess when you had that. it will and the outcome election, not only for the president, but in senate that will be a key ingredient whether we move smoothly during that period of time. dagen: when something does get done to at least take care of this in the short run that it will be a permanent fix? it will surely be temporary which just moved these problems down the road for another year or even two years. >> it is always temporary until the next one. we have had 60, 70, 80 episodes where we automatically raise the debt limit. it is not abo
lou: writing a letter to the white house and congress warning about the fiscal cliff. that the tax increase is coming and the spending cut taking effect at the end of the year. the consequences of inaction for stability in the global market for economic growth. millions of americans still without work. let's bring in cabin, market strategist. are you confident this will happen after the election? >> we are kind of running out of time on this. we are rapidly approaching the debt limit....
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Sep 11, 2012
09/12
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got the fiscal cliff, so on and so on. clearly that has to create a lot of concern for the small business owner. so what are they more optimistic about, an obama administration or a romney administration? >> well, you know that, i can't really tell you because we don't have really any data on that. we don't know how many hours and how many rs and how many ds they are in the membership and we don't know exactly what their view is but what we know their choices are not really good. the election odds as you see right now is 50/50. if i have a flip of the coin chance of having two very, very different outcomes. ashley: yeah. >> whether the president is reelected or whether mr. romney is elected, and when you have those very disparate outcomes, you don't put your money on the table on the flip of a coin. ashley: right. >> you keep your powder dry which seems to to be what businesses are doing. wait to see white is and then decide what to do. ashley: hopefully the picture will be that much clearer soon. bill, thank you so much f
got the fiscal cliff, so on and so on. clearly that has to create a lot of concern for the small business owner. so what are they more optimistic about, an obama administration or a romney administration? >> well, you know that, i can't really tell you because we don't have really any data on that. we don't know how many hours and how many rs and how many ds they are in the membership and we don't know exactly what their view is but what we know their choices are not really good. the...
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Oct 18, 2012
10/12
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so the question is going to be, when we have to address, come up with a policy response to the fiscal cliff, and when we have to come up with a policy response to the debt ceiling which we're going to hit again, in the early months of the year, what is that going to look like? is the president going to be able to work with congress to come up with a compromise? if the answer is no, the market is going to respond very negatively to that. if the answer is yes, then i've said, publicly, i think we could be looking at a long-term bull market in u.s. equities if there is a credible plan but you need congress and the president, whoever it is, to get there. tracy: what is it these days? in the past we always used to say, let but the heads for the next four years. according to in trade, market wants obama, 64% and romney at 35. >> there is interesting fact, we went back to rbc and looked at previous elections. investors do best when incumbent president reelected, when that incumbent is a democrat and when reelected incumbent democrat has to share party with republicans in congress. in the fir
so the question is going to be, when we have to address, come up with a policy response to the fiscal cliff, and when we have to come up with a policy response to the debt ceiling which we're going to hit again, in the early months of the year, what is that going to look like? is the president going to be able to work with congress to come up with a compromise? if the answer is no, the market is going to respond very negatively to that. if the answer is yes, then i've said, publicly, i think we...
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Oct 31, 2012
10/12
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after that, we have a fiscal cliff issue to deal with. a lot going on. cheryl: david, quick. >> drifting down, too much uncertainty, in a correction from mid-september. cheryl: gentlemen, thanks from both of you. great commentary on a day like today. >> thank you. dennis: president obama due in new jersey in a half hour. the advantage of incumbency did the damage of sandy. cheryl: jeff locke doing incredible reporting from new jersey riding out the storm there. jeff? >> i hold in my hand a piece of the point pleasant beach boardwalk, this is a good part of it. look at this. president obama will look at this, and we'll have that up close and personal of what he'll see when he tours the jersey shore coming up here on the fox business network. ♪ [ male announcer ] do you have the legal protection you need? at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy withtep-by-step help when completing you
after that, we have a fiscal cliff issue to deal with. a lot going on. cheryl: david, quick. >> drifting down, too much uncertainty, in a correction from mid-september. cheryl: gentlemen, thanks from both of you. great commentary on a day like today. >> thank you. dennis: president obama due in new jersey in a half hour. the advantage of incumbency did the damage of sandy. cheryl: jeff locke doing incredible reporting from new jersey riding out the storm there. jeff? >> i hold...